APA’s partnership with Santos faces shareholder criticism

27 October 2017 At the annual general meeting of APA held today in Sydney, company executives faced several questions from shareholders regarding their Western Slopes Pipeline project in Northern NSW. The $450 million pipeline project is a partnership with Santos to connect coal seam gas (CSG) from their Narrabri gas … Read More

Whitehaven’s expansion plans contradicts the Paris Agreement

25 October, 2017 Today at the Whitehaven Coal annual general meeting (AGM), the board and CEO made it clear that the company has no intention of operating in line with the COP21 Paris Agreement. Chairman Mark Vaile and CEO Paul Flynn spoke about the company’s growth prospects, digging up and … Read More

IAG: Federal Government is deaf on climate change

20 October 2017 In a week dominated by the Federal Government’s capitulation to the coal lobby in its latest instalment of energy policy failure, it was an opportune time for Australia’s largest general insurer – IAG – to call out the need for tougher action on climate change at their … Read More

Investors support stronger climate risk disclosure at Origin Energy AGM

18 October 2017 A shareholder resolution coordinated by Market Forces, calling for improvements to Origin Energy’s climate risk disclosure received significant support from institutional investors, garnering 13.77% of shareholder votes, despite the board’s opposition. In dollar terms, investors holding approximately $1.8 billion in stock supported the call for greater climate … Read More

Aurizon shareholders: How does Adani coal align with 2°C?

18 October 2017 Shareholders today grilled Aurizon over its plans to build a railway that would open up the Galilee Basin to coal mining. The coal haulage company currently has a financing bid before the Northern Australia Infrastructure Facility (NAIF), rivalling Adani’s request for $1 billion to build the rail … Read More

Bluescope Steel – still a long way to go on climate risk

How to Switch Banks and Make it Count

11 October 2017 Major energy user Bluescope Steel made the right noises about limiting emissions at the company’s annual general meeting (AGM) in Melbourne today, but failed to commit to strong climate action. Despite clear evidence that a global transition away from fossil fuels is required to keep warming below … Read More

Suncorp to divest from fossil fuels?

21 September 2017 At Suncorp’s Annual General Meeting (AGM) in Brisbane today, company chair Ziggy Switkowski made the quite unexpected commitment to reduce the company’s fossil fuel exposure to an ‘immaterial’ amount over the next two years. The revelation came in response to repeated questions from shareholders about climate change, … Read More

Media Release: Shareholders move to force Commbank to manage climate risk

CommBank

28 August 2017 Shareholders have lodged a first-of-its-kind resolution with Commonwealth Bank that would embed climate change risk management into its constitution. It comes a month after shareholders began court proceedings against the bank over its failure to consider climate change as a material business risk. The resolution, coordinated by … Read More